Are you ready for the MBA? Ask yourself these 3 questions
A common question asked by prospective students is whether our expert Course Advisors think they are ‘ready for the MBA’. The Master of Business Administration, or MBA, is a postgraduate degree which requires a great deal of time, dedication and financial investment. It is therefore very important that you truly are ready for the MBA, and have planned ahead in terms of your goals, time management and future expectations. If you are stuck wondering if you’re ready to study, then ask yourself the following three questions.
1. Is now the right time?
The first, and probably most important question you should ask yourself is whether now is the right time for you to commence studying. As mentioned, the MBA requires a great deal of your time. Whilst there are certainly flexible options available, if you can foresee that you are going to experience major life events such as starting a new job, moving house or having a child, then it is perhaps not worth commencing just yet. Being ready for your MBA doesn’t just refer to your career; you must make sure that those who will be supporting you throughout the journey are also ready. It is recommended that you discuss your study plans with your employer, your family, and with close friends, so that they understand the time commitment you are agreeing to, and they are there to support you along the way.
2. Will I be able to apply the content into my work?
Whilst this particular question isn’t an essential component to being ready for the MBA, it certainly helps. If you don’t feel that you can immediately benefit from and utilise the MBA in your current career path, it is quite possibly not the right time to commence. The Australian Institute of Business delivers the MBA in a unique model called ‘work-applied learning’, which allows students to directly apply the knowledge they are gaining into their role. In many cases, this application is instantaneous, and students find it to be very beneficial to be able to do so. If you are not in a role where you will be able to apply the content, it is not a reason to completely give up on the MBA. It is however worth considering if it is the right time, and whether another stage in your life would be more beneficial to you.
3. Why do I want to do the MBA?
Before you enrol, it is recommended that you take the time to sit back and write down what you would like to achieve in your studies. If you are ready for the MBA, you should be able to list clear goals from the onset. These can be anything from expanding your knowledge in a particular area, to more career focused goals such as gaining a promotion. Being able to list why you would like to do the MBA will be helpful in getting the most out of your degree, as well as keeping on track during more challenging times.
What do you think?
After asking yourself these three questions, do you think you’re ready for the MBA? If you’d like to have a chat with one of our Course Advisors to discuss your interest in the MBA, then call 61 8 8212 8111.
This article was written by Laura Hutton on behalf of the Australian Institute of Business. All opinions are that of the writer and do not necessarily reflect the opinion of AIB.